Friday, March 4, 2011
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NCDEX Turmeric gain on firm buying
AHMEDABAD (Commodity Online): Turmeric April contract price opened at 10000 today on NCDEX. Prices gain by more than 1.5% as firm buying continued by traders.
“Technically, resistance for Turmeric is at 10520 in short run,” said Anil Patadia, Commodity Analyst with Commodity Online.
For April contract, prices are expected to gain to 10500 on firm buying sentiments.
“Fundamentally, Turmeric is moderate on constant demand. One can make positions as per momentum for short run while long term investors can buy it if profit booking drag prices down,” said Patadia.
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